The Soft Company Has Provided the Following Information After Year-End

question 91

Multiple Choice

The Soft Company has provided the following information after year-end adjustments: • Allowance for doubtful accounts was $11,000 at the beginning of the year and $30,000 at the end of the year.
• Accounts receivable were $80,000 at the beginning of the year and $420,000 at the end of the year.
• Accounts written off as uncollectible totaled $20,000.
• Net sales totaled $2,700,000.
• Sales discounts were $100,000.
What was the amount of Soft's bad debt expense for the year?

• A)$39,000.
• B)$1,000.
• C)$19,000.
• D)$20,000.

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Definitions:

Sniffing

The act of inhaling through the nose to detect smells, which can also refer to the abuse of inhalant substances for recreational purposes.

Blushing

The involuntary reddening of a person's face due to emotional responses such as embarrassment or shy.

Cognitive Learning

The acquisition of mental information, whether by observing events, by watching others, or through language.

Classical Conditioning

A learning method characterized by repeatedly associating two stimuli; over time, the response once elicited by the second stimulus is induced by the first stimulus solely.